2008/09 Undergraduate Module Catalogue

LUBS1245 Introductory Management Accounting

10 creditsClass Size: 145

Module manager: DrJens Hagendorff
Email: juh@lubs.leeds.ac.uk

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2008/09

Pre-requisite qualifications

At least Grade A at GCSE Mathematics or a pass in LUBS1195 Introductory Modelling for Management or any equivalent (or more advanced) module in Mathematics.

Co-requisites

LUBS1235

Introductory Financial Accounting

This module is mutually exclusive with

LUBS1920	Introductory Accounting and Financial Management
LUBS2245	Introduction to Management Accounting

This module is approved as an Elective

Module summary

The module aims to introduce students to the basic concepts of management accounting, and the role it plays in planning, decision making and control within an organisation. The module covers the principles of management accounting and the numerical aspects of the subject managerial accounting for business decisions. It also demonstrates examples of applying the theories to the real world management situations.

Objectives

On completion of this module, students will be able to: understand the basic concepts of management accounting and its role in planning, decision making and control; understand and apply the principles of costing; understand and apply the concepts of decision making in the short and long term; and understand and apply management accounting techniques for the purpose of control.

Syllabus

The role of the management accounting information system in planning, decision making and control; The principles of costing classification, estimation and overhead allocation; Cost-volume-profit analysis; Cost estimation and pricing decisions; The budgetary process; The preparation of cash budgets; Relevant costs and short term decision making; Long term decision making - payback, accounting rates of return, NPV and IRR; and Standard costing and variance analysis.

Teaching methods

Delivery type	Number	Length hours	Student hours
Lecture	11	1.00	11.00
Seminar	10	1.00	10.00
Private study hours			79.00
Total Contact hours			21.00
Total hours (100hr per 10 credits)			100.00

Private study

For each 10 credits of study taken, the expectation is that the normal study time (including attendance at lectures and tutorials, self-study and revision) is 100 hours.

Opportunities for Formative Feedback

In conjunction with the success criteria provided, preparing for and attending the workshops will offer valuable feedback concerning your understanding and progress on the module. In addition, compulsory on-line MCQ tests and tutor-marked non-assessed coursework will provide further formative feedback.

Methods of assessment

Exams

Exam type	Exam duration	% of formal assessment
Standard exam (closed essays, MCQs etc)	2 hr 00 mins	100.00
Total percentage (Assessment Exams)		100.00

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Reading list

The reading list is available from the Library website

Last updated: 26/03/2009

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